can we use any of section ie section 44 ae or 44 ad to calculate income from buisiness or profession

44 ae says min income is 4500 as per f.f 2013-14 in case of l.g.v not more than 10

44 ad says min income is 8% of gross reciept or gross income

so what is the difference between them

I Got 194 Marks in IPCC May 2014 in First Group.. All Subjects were Clear.. But was Short of 6 Marks from clearing the Group.. I hv Applied for Revaluation... Do i hv the Chances of Getting Passed? because i was Very Confident of getting passed as All my Papers Went Good..

Company is into business of trading in shares. during the year it has incurred loss of rs.50lac on trading of shares (delivery taken) and also company has earned Rs.60 lac in commodity trade.also co has income from house property rs.14 lac.

whether gain from comm trade can be set off against loss on share trade i.e. business income.

I have given my exam in May 14, do I have to purchase new module of Munish Bhandari or I can download the supplementary study paper on notified sections issued by the ICAI.

TO DAY I TRIED TO UPLOAD DSC IN EFILING WEB SITE AFTER LOGGING IN I WENT TO DSC REGISTRATION OPTION UNDERM PROFILE SETTING OPTION ON CLICKING SIGN WITH USBTOKEN IT APPEARS BLOCK BOX IT WAS TOLD TO USE ON CLIKCING USB TOKEN SELCT FILE SHOULD APPEAR
IT NOT APPEARED PLEASE GUIDE i HAVE MOZIL FOREX 7 VERSION WHETHER SAME IS TO BE CHANGED OR ANY CHANGE IS REAQUIRED IN SECURITY OPTION

Sirs, I have a query on calculation on WCT. We placed works contract order on a contractor for Rs.100/- (contractor quote is also Rs.100). while releasing the purchase order, we considered basic value as Rs.100 and 4.944% service tax. also in terms and conditions, we mentioned that the unit rate include WCT. WCT shall be deducted in the running account bills as per the prevailing rate if 3%. Now kindly clarify whether we have to pay service tax on Rs.100 or on Rs.97 (ie basic value rs.100 less WCT-TDS) Thanks Suresh

i am very very confused about what to do after B.COM.i gave ipcc two attempts but couldnt clear ! i have interest in income tax ! i m really very confused so as to what to do after b.com.i m still in TYB.COM.please help me out !

I initially was preparing with 100% perfection of the course until I came across a post saying its better to cover 70% of 100% syllabus than 100% of 70% syllabus. Owing to the amount of time left with me for the preparation for nov 14 attempt, I am forced to think whether i should change my strategy? And complete the remaining 30% during the revision? By the way, I plan to complete my syllabus by the mid September, do you think 45 days is good enough to score well in the exam? How many times does it take to revise the whole syllabus thoroughly? Although it is a vague question and it depends person to person, but when does one come to know that one is prepared for the exam, because when i get down to revise the syllabus, it seems like a never ending process.

I want to know the treatment of withholding tax deduction from Income received from Foreign Client for services rendered abroad. What are the tax implications in India & how it is to be accounted for in the books of accounts?

Sir,

I have filled ITR Return for the Financial Year:2012-13 as per ITR refund of Rs.2,10,000/-but still now i didn't got the refund,normally how long it to take get refund,is their any other procedure for claiming refund.